El Salvador Buys 11 More Bitcoin, Total Holdings Now 6,067 BTC

El Salvador has purchased 11 more Bitcoin (BTC), valued at approximately $1.1 million, to expand its strategic Bitcoin reserve. 

The acquisition occurred on February 3, 2025, as Bitcoin surged above $100,000, continuing the country’s commitment to cryptocurrency accumulation.

This latest purchase brings El Salvador’s total Bitcoin holdings to 6,067 BTC, valued at over $606 million at current prices. 

On-chain data reveals a consistent buying pattern, including multiple 1 BTC transactions made in recent days, all sent to the nation’s cold wallet.

President Bukele Reacts On Social Media

President Nayib Bukele responded to the latest acquisition with an “eyes” emoji on the platform X, often signaling attention or anticipation. This purchase mirrors a similar transaction from two weeks ago when 11 BTC were also added to the reserve.

👀 pic.twitter.com/43pCyvNILP

— Nayib Bukele (@nayibbukele) February 4, 2025

Bukele has been a vocal supporter of Bitcoin since its adoption as legal tender in 2021. El Salvador remains the first country to integrate Bitcoin into its economy at this scale, even amid policy changes influenced by international financial institutions.

Legislative Changes And IMF Loan Agreement

Recent legislative reforms in El Salvador have adjusted Bitcoin’s legal status. On January 30, the Salvadoran Parliament passed amendments to the Bitcoin Law, making Bitcoin use voluntary rather than mandatory. 

Businesses are no longer required to accept Bitcoin as payment, and the cryptocurrency is no longer eligible for tax payments.

These changes were introduced to meet conditions set by the International Monetary Fund (IMF) for a $1.4 billion loan. The IMF has raised concerns about financial risks associated with Bitcoin, pressuring El Salvador to implement the reforms by the end of January. 

Despite these changes, El Salvador’s government continues to focus on its broader Bitcoin strategy.

Bitfinex’s Bitcoin Mining Investment In El Salvador

In parallel to El Salvador’s Bitcoin reserve expansion, Bitfinex Securities has announced plans to introduce the Blockstream Mining Note 2 (BMN2) under the country’s digital asset framework. BMN2 will allow investors to gain exposure to Bitcoin mining operations and is set to launch within the first quarter of 2025.

BMN2 follows the success of its predecessor, BMN1, which distributed over 1,212 BTC to investors with a 108% return on capital. The product’s listing in El Salvador reflects the country’s regulatory support for digital assets, aiming to attract further investment and innovation in the cryptocurrency sector.

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